Bitcoin has seen a significant drop of 21.40% from its record high of around $109,300, currently trading at $88,659. Analysts suggest that the Wyckoff reaccumulation model indicates a potential retest of $100,000, with key support levels around $85,950 and $76,390. A rebound from these levels could signal a bullish trend, while further declines may lead to targets of $57,690 and $48,170.
about Bitcoin price analysis suggests potential for $100K retest amid market patternsSuperBro
0 posts last weekBitcoin Price Drops to Three Month Lows Amid Market Liquidations
Bitcoin plunged to three-month lows under $87K, with a 13% loss in February, as market sentiment shifted to “extreme fear.” Liquidations exceeded $1.5 billion, and while some indicators suggested a potential reversal, concerns about the bull market’s sustainability lingered. Key support is seen around $86,000, with newer Bitcoin whales’ cost basis at $89.2K.
about Bitcoin Price Drops to Three Month Lows Amid Market LiquidationsBitcoin Approaches Key Resistance as Market Faces Economic Uncertainty
Bitcoin is currently battling the significant $100,000 price point, with traders eyeing it as a key resistance level amid mixed macroeconomic signals and declining retail investor participation. As the market anticipates the Federal Reserve’s upcoming minutes and labor data, concerns about a potential deeper correction linger, especially if Bitcoin dips below critical moving averages. Meanwhile, LBank continues to grow, boasting over 15 million registered users and implementing innovative strategies to enhance its asset listing process.
about Bitcoin Approaches Key Resistance as Market Faces Economic UncertaintyBitcoin Approaches Key Resistance as Traders Weigh Risks and Opportunities
Bitcoin has surged past $97,500, igniting excitement and caution among traders as it approaches the critical $98K resistance level. Analysts suggest a potential pullback could occur, with some advocating for buying dips, while others warn of overbought conditions. The market remains vigilant as Bitcoin’s next moves could determine its trajectory toward new highs.
about Bitcoin Approaches Key Resistance as Traders Weigh Risks and OpportunitiesBitcoin Approaches Key Resistance Levels Amid Market Caution and Predictions
Bitcoin surged past $97,000, facing key resistance levels as traders eye a potential dip. Analysts suggest caution, noting low volume and overbought conditions, while some anticipate a deeper correction before a renewed uptrend, with a possible floor around $80,000.
about Bitcoin Approaches Key Resistance Levels Amid Market Caution and Predictions